Hyderabad Industries has taken over fibre cement sheets manufacturing facility in Punjab. Manufacturing facility has capacity of 45,000 million tonne per annum. The acquisition will help the company increase its market share.
In an interview with CNBC-TV18, Abhaya Shankar, Managing Director, Hyderabad Industries gave his perspective on how business has shaped up in Q3. Below is a verbatim transcript. Also watch the accompanying video. Q: Q2 was a tough one for the company. There was a drop in your realizations. You saw a decline in margins as well. How has Q3 shaped up, where do realizations stand and how do they compare on a quarter-on-quarter (QoQ) basis? A: Although I am not in a position to give you exact numbers, but you are right that Q2 we face both volume pressure and realization pressure. Q3 seems to be certainly better in terms of volumes. I think approximately about 10% growth is what we are going to probably land up with. We still donDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
